Marsh Supermarkets no longer for sale

Indianapolis The parent company of Marsh Supermarkets said Tuesday that it plans to continue investing in the local grocery chain after it failed to find a buyer.

Sun Capital Partners late last year hired an investment adviser and began soliciting offers for the chain of roughly 100 stores. Asking price was reported to be $130 million to $150 million.

Sun acquired the chain in 2006 for about $88 million in cash and assumed $237 million in debt. To date, there have been no interested buyers.

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